The strategy is to invest in assets, which have potential for value
enhancement (through conversions, restructuring, market repositioning).
Assets can originate from ordinary and extraordinary disposals,
acquisitions of real estate companies or investments in secured NPLs.

“Italy - comments Roger Orf, Partner, European Principal
Finance and Head of Real Estate for Europe at Apollo - is a key
market in terms of real estate growth forecast in forthcoming years. We
wanted to reinforce our presence through a partnership with highly
skilled professionals that share our value oriented approach to
investing, and this is the reason why we took the decision to work with
Realty Partners.”

“We are very pleased - adds Steve McElwain, Partner, European
Principal Finance at Apollo - to deepen our investments
activities in the Italian real estate market and we hope to deploy a
meaningful amount of capital in the next few years. Realty Partners has
a track-record of success across all macro environments and an
established origination and execution expertise that complements our
team.”

Luca de Ambrosis Ortigara, Founding Partner of Realty Partners comments:
“We are honoured Apollo has chosen to invest in our Country alongside
us and view it as an important act of trust and confidence. We believe
our experience across a broad range of asset types and professional
approach to sourcing and asset management activities will help Apollo
access compelling opportunities and implement strategies to unlock
value.”

“We are excited to be Apollo’s preferred partner here in Italy - continues
Umberto Vitiello, Founderof Realty Partners -helping
to manage the full investment process from acquisitions to disposals.
Our goal is to provide both capital and industrial expertise to create
significant value in a highly demanding and continuously evolving
marketplace.”

Andrea Moneta, Senior Advisor Italy and Operating Partner for
Financial Services at Apollo concluded: "I am delighted Luca and
Umberto agreed to partner with us to expand our real estate capabilities
in Italy, and look forward to working with them. The agreement with
Realty Partners represents the third of a series of recent initiatives
announced by Apollo (along with recently announced partnerships with DeA
Capital for investments in NPLs and Apeiron Management for investments
in Illiquid Credit) to capitalize on the opportunity for Apollo to
provide tailored solutions addressing the specific needs of the Italian
market."

NOTES TO EDITORS

About Apollo Global Management

Apollo is a leading global alternative investment manager with offices
in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London,
Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and
Shanghai. Apollo had assets under management (AUM) of approximately $249
billion as of December 31, 2017 in Private Equity, Credit and Real
Assets invested across a core group of nine industries where Apollo has
considerable knowledge and resources. For more information about Apollo,
please visit www.agm.com

About Realty Partners

Realty Partners has been founded in 2003 by distinguished professionals,
Giulio Malfatto, Umberto Vitiello and Luca de Ambrosis Ortigara, with an
extensive and unparalleled real estate track record, in order to support
third party investors as local strategic operating platform, while
generating value and attractive risk adjusted returns across the entire
real estate value chain. Independence, integrated model, interests’
alignment, ethics and transparency are its main core values. Realty
Partners’ team, based in Milan, is now led by two managing partners,
Umberto Vitiello and Luca de Ambrosis Ortigara, who have worked together
for more than 20 years, along with Vincenzo Buonocore and Fausto Maria
Monachesi, reaching over 100 years of combined experience.